Settings8H · net · $10k
Funding arb · Price arb /

ZRX

all ZRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against BingX+0.084%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1551.546% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.061%−$6 on $10k
Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.084%, 7d avg −0.044%
Together, before fees−0.174%−$17 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.128% dearer against BingX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZRX-USDT0.11880.0100pay 0.0050% / 4h38m 51s$2.3M
ShortBitget ZRXUSDT0.11890.0100get 0.0050% / 4h38m 51s$593K$138K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.084% → −0.044%
$12.77
Slippage, 4 orders
−$132.62
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$141.85
Costs to cover
1.546%
Break-even
never at this rate
Slippage from BingX: live order book, 9 min ago; Bitget: live order book, 61 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 9 min ago12.60 bp35.9 bp −$36107.5 bp −$1,075881.0 bp −$88.1K1336.0 bp −$668.0K
Sell Bitget live order book, 61 min ago4.22 bp53.4 bp −$53111.7 bp −$1,117doesn't fitdoesn't fit

ZRX on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ZRXUSDT+0.0100%4h0.1187−0.126%$1.7M$1.4M50xas long as short
Bybit ZRXUSDT+0.0100%8h0.1187−0.042%$1.4M$340K25xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1187−0.101%$521K$362K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1187−0.101%$142K$37K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.1186−0.168%$890K$167K50xas long as short
KuCoin ZRXUSDTM+0.0100%4h0.11880.000%$297K$58K30xas long as short
Bitget ZRXUSDTshort+0.0100%4h0.1189+0.084%$593K$138K50x
BingX ZRX-USDTlong+0.0100%4h0.1188long leg$2.3M
Variational Omni ZRX+0.0100%8h0.1189+0.090%$23K$13Kas long as short
BloFin ZRX-USDT+0.0145%4h0.1187−0.084%$91K$23K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.0626%1h0.1189+0.121%$38K$5K10xas long as short